INSURANCE INSIGHTS
|
JULY 2017
8
9
JULY 2017 |
INSURANCE INSIGHTS
Insurer Name
HDFC Standard Life Insurance
Company Ltd.
HDFC Standard Life Insurance
Company Ltd.
HDFC Standard Life Insurance Company Ltd.
Birla Sun Life Insurance Company Ltd.
Product name
HDFC Life Classic Assure Plus
HDFC Life Super Income Plan
HDFC Life Super Savings Plan
BSLI Vision Money Back Plus Plan
Premium p.a. (for a 35 year old Male,
non-smoker, for SA of Rs. 8 Lakh)
(Excluding taxes, surcharge & cess)
Premium -
R
1,03,296
PPT - 10 years, PT - 15 years
R
1,07,536
PPT - 10 years, PT - 20 years
R
61,104
PPT 15 years, PT - 15 years
R
84,976
PPT - 10 years, PT - 20 years
Illustrative Maturity Benefit at 4%
and 8% return for above premium
and Sum Assured (as per insurer's
illustration)
R
11,56,000 (at 4%)/
R
16,72,000 (at
8%)
R
12,72,005 (at 4%)/
R
20,16,000
(at 8%)
R
10,12,560 (at 4%)/
R
13,13,361 (at 8%)
R
9,60,000 (at 4%)/
R
15,20,000 (at 8%)
Key Plan Features
Participating Limited Pay Endowment
plan with minimum guaranteed rever-
sionary bonus during premium paying
term
Participating Limited Pay moneyback
plan that offers guaranteed income for
a period of 8 to 15 years after the Pre-
mium payment term as per the selected
Plan option.
Participating Regular Pay Endowment plan with Inbuilt
Accidental Death
Participating life insurance plan with regular payouts as a
pre-specified percentage of sum assured at the end of every
fourth or fifth policy year throughout the policy term and
survival benefit available.
Entry Age(Min/Max)
8/55 years (PT-10 years), 3/60 years
(PT-15 years)
30 Days/55 years (PT-20 years)
2/59 (PT-16 years), 30 days/57 (PT-18
years), 55 (PT-20 years), 53 (PT-22
years), 51 (PT-24 years), 48 years (PT-
27 years)
30 Days/60 years
13/45 years
Maturity Age(Min/Max)
18/65(PT-10), 18/75(PT-15),20/75
years(PT-20)
30/75 years
18/75 years
33/70 years
Premium paying options
Limited Pay
Limited Pay
Regular Pay
Regular Pay
Premium Paying Term(PPT)/Policy
Term(PT)
7/10, 7/15, 10/15, 10/20 years
8/16, 8/18, 10/20, 10/22, 12/24,
12/27 years
15 to 30 years
10/20, 12/24, 12/25 years
Premium mode
Annual, Half-yearly, Quarterly, Monthly
Annual, Half-yearly, Quarterly, Monthly
Annual, Half-yearly, Quarterly, Monthly
Annual, Half-yearly, Quarterly, Monthly
Sum assured (Min/Max)
R
49,447 (10 year PT)
#
/No Limit
R
1,28,337/No Limit
R
2,45,155/No Limit
R
1,00,000/No limit
Minimum Annual Premium
R
12,000
R
24,000
R
24,000
R
9,539
4
Plan options
Not Available
Not Available
Not Available
Not Available
Maturity Benefit*
Sum Assured plus accrued bonuses
Aggregate of -
- Last Survival Benefit payout
- Accrued Reversionary Bonuses
- Interim Bonus, if any
- Terminal bonus, if any
Sum Assured plus accrued simple reversionary bonuses plus
interim bonus plus terminal bonus, if any.
- Accrued Bonus till date plus
- Terminal Bonus (if any)
Death Benefit*
Highest of:
- Sum Assured
- 10 times annualised premium
- 105% of the premiums paid
plus accrued bonuses
Highest of:
- Sum Assured on Death + Accrued
Reversionary Bonuses + Interim Bonus
(if any) + Terminal Bonus (if any)
-105% of premiums paid till date
Higher of:
-10 x annualised premium
-Sum Assured
-105% of all premiums paid till date
plus, accrued simple reversionary bonus, interim bonus,
terminal bonus, if any.
Sum Assured on Death
^
Plus Accrued Bonus as on date of
Death plus Terminal Bonus (if any).
*Please refer to the Product Brochure for more details.
SP - Single Pay, RP - Regular Pay, LP - Limited Pay, AP - Annualised Premium
^The minimum death benefit will be at least 105% of the premiums paid,
#
Different for other PT - Please refer product brochure.
1
Here, Sum Assured is
R
8,03,000,
2
Here, Sum Assured is
R
8,07,360,
3
For a 8 year old Male, Sum Assured –
R
1 lakh, PPT - 10 years, PT - 20 years,
4
For a 14 year old Male, Sum Assured –
R
1 lakh, PPT - 12 years PT - 25 years,
5
Subject to underwriting policy
SAVINGS PLANS (TRADITIONAL)
SAVINGS PLANS (TRADITIONAL)
